Loan Manager Salary in Richmond, Virginia

How much does a Loan Manager make?

As of December 01, 2024, the average annual pay of Loan Manager in Richmond, VA is $171,542. While Salary.com is seeing that Loan Manager salary in Richmond, VA can go up to $212,913 or down to $117,747, but most earn between $143,384 and $193,197. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Manager in the United States.

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Salary range for a Loan Manager

$143,384 to $193,197

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Loan Manager

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Job Openings for Loan Manager in Richmond, VA

What does a Loan Manager do?

Common responsibilities of a Loan Manager

Assist the Vice President of Lending Experience in developing short and long-term goals and plans for the Real Estate Department ensuring the plans are aligned with the vision and strategic priorities of the credit union.

August 28, 2022

Requires significant experience in Relationship Management and is typically responsible for large and complex commercial and retail banking group relationships as applicable to the line of business.

September 03, 2022

Participate and make recommendations related to staff changes, interviews and selection of new hires, internal promotions, performance evaluations, recognition, employee relations issues, and disciplinary actions.

December 24, 2022

Provide leadership in enhancing loan servicing activities to deliver an exceptional Member experience and deliver exceptional service to other areas including Branches, Call Center and Member Services/Support.

February 14, 2023

Monitors quality of loans originated in branch and adheres to compliance regulations with federal, state, regulatory, and company policy and procedures.

February 22, 2023

Prepare and deliver regular, ongoing meetings with the Processing Department along with managing the timeline of a loan from application through funding to insure we are setting and meeting expectations.

March 23, 2023

Review loan applications and documentation to ensure accuracy, completeness and compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

March 26, 2023

Develop and maintain automated tools that will ensure efficient monitoring of trends and scoring of risk to provide a consistent approach to each of the team's loan reviews and to identify areas of focus.

April 04, 2023

Demonstrate the standards and principles of the Five Star experience in every interaction with internal and external customers, associates, and stakeholders.

April 16, 2023

Manage day to day activities of the Loan Servicing department including, but not limited to, management of staff, loan setup, payment processing, CPI, escrow set up and maintenance, Investor reporting/remittance, DMV processing, payoffs and general loan maintenance.

May 19, 2023

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Loan Manager Salary By Experience Levels in Richmond, VA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loan Manager Salary By Level of Education in Richmond, VA

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loan Manager in Richmond, VA

Average Base Salary

Core compensation

143384

193197

171542

Average Total Cash Compensation

Includes base and annual incentives

157932

239498

195449

What is the average salary for Loan Manager in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Manager in Richmond, VA. The base salary for Loan Manager ranges from $143,384 to $193,197 with the average base salary of $171,542. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $157,932 to $239,498 with the average total cash compensation of $195,449.

View Average Salary for Loan Manager as table

	Average Salary	Average Salary Range
Base Salary	$171,542	$143,384 - $193,197
Bonus	$23,907	$14,548 - $46,301
Total Pay	$195,449	$157,932 - $239,498

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loan Manager Salary Near Richmond, VA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Richmond, VA
CITY, STATE Petersburg, VA	AVERAGE SALARY RANGE $146,773 - $197,764	COMPARE TO Richmond, VA
CITY, STATE Virginia State University, VA	AVERAGE SALARY RANGE $146,773 - $197,764	COMPARE TO Richmond, VA
CITY, STATE Newport News, VA	AVERAGE SALARY RANGE $139,523 - $187,995	COMPARE TO Richmond, VA
CITY, STATE Hampton, VA	AVERAGE SALARY RANGE $139,523 - $187,995	COMPARE TO Richmond, VA
CITY, STATE Suffolk, VA	AVERAGE SALARY RANGE $138,677 - $186,855	COMPARE TO Richmond, VA
CITY, STATE Portsmouth, VA	AVERAGE SALARY RANGE $138,757 - $186,962	COMPARE TO Richmond, VA

See salaries for Loan Manager in locations close to Richmond, VA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Richmond, Virginia

Richmond (/ˈrɪtʃmənd/) is the capital of the Commonwealth of Virginia in the United States. It is the center of the Richmond Metropolitan Statistical Area (MSA) and the Greater Richmond Region. Richmond was incorporated in 1742 and has been an independent city since 1871. As of the 2010 census, the city's population was 204,214; in 2016, the population was estimated to be 223,170, making Richmond the fourth-most populous city in Virginia. The Richmond Metropolitan Area has a population of 1,260,029, the third-most populous metro in the state. Richmond is located at the fall line of the James R...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Loan Manager job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Richmond, VA that might be a good fit for the type of job and salary you are looking for.

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